Page 40 - Fed Chief News Today : Breaking News, Live Updates & Top Stories | Vimarsana

i'm erin burnett. "outfront," breaking news, federal failure. gridlock reigns in washington once again. now the payroll tax cut proposal passes the republican house. so why do we say failure? well, the republican bill, included a controversial oil pipeline that the president has said he would veto. so, pass, smash. we're at square one. congress again playing chicken with the clock. there are just 18 days left until the tax cut expires. if it does, the average american will pay about a thousand dollars more in taxes next year. now, this may not be economic armageddon. but because the ...

i'm erin burnett. "outfront," breaking news, federal failure. gridlock reigns in washington once again. now the payroll tax cut proposal passes the republican house. so why do we say failure? well, the republican bill, included a controversial oil pipeline that the president has said he would veto. so, pass, smash. we're at square one. congress again playing chicken with the clock. there are just 18 days left until the tax cut expires. if it does, the average american will pay about a thousand dollars more in taxes next year. now, this may not be economic armageddon. but because the ...

greece passes next year's budget. it is packed with tax increases and spending cuts which are required to secure bailout funds. the budget cuts, the deficit pushes the deficit to 5.24 gdp, down from 9%. ahead of the u.s. 2012 election campaign, u.s. president barack obama says the middle class needs to step up to the plate. he called for more taxes on the wealthy. those are the top stories from cnn, i'm monita rajpal. "world business today" starts right now. hello and welcome to your wednesday edition of "world business today." i'm andrew stevens in hong kong. i'm nina dos sa...

Revenue that way and in doing so you could both reduce some of the rates and have enough revenue to actually apply it to deficit reduction. that amount was $250 billion. >> the bush tax cuts, though, i come back to, because real deficit hawks, many of them happen to be republicans, alan greenspan, former fed chief, michael bloomberg, now the independent mayor of new york, and democrats like peter orszag who ran the budget office for this president said let them all expire for everybody. for the rich, for the middle class, if you really want to get serious about the deficit, let the bush tax cu...

That federal chairman have behind closed doors. how did we get to a position where one of the most powerful people in the world is able to act -- it won't say with impunity, but certainly without the most basic democratic checks. >> well, it's all about money and following that money, the power of money. >> does that bother you? does that arrangement where the fed chief has so much power and they work in secret? >> well, it certainly -- but there's more and more transparency as we know. and right now, there's not much they can do because we effectively have zero interest rates. so their lever ...